Tuesday, June 4, 2013

Economic Problems, Get Ready

I have to admit I'm now amused everyday as I watch Wall Street. Monday was a good example everything printed negative and the info released last week by the Chicago Fed was shown to be inaccurate. But how do the markets react? They went up today on the feeling that helicopter Ben will continue to print 85 million a month out of thin air.

I don't know exactly how this will end or how bad it will get. But sometime soon we will all pay the piper to unwind this debt. The signs are there in Japan and in Europe but no one will honestly report what is going on. Kind of like the ongoing antigovernment riots in Turkey, Oh that’s right no U.S. media outlets have given one minutes coverage to that.

Like I've said before be ready, have food, cash on hand, water and precious metals (junk silver) if you can to ride out any shortage’s that may occur.

I agree with Kyle Bass who firm is long on America, we have the natural resources and the people to pull through any bad times but don't for a minute think it will be easy or that the B..S stats out odd D.C. are in any way accurate on inflation, growth, unemployment or GDP.

Here is a good article from Zero Hedge that put things into perspective


No comments: